Petron Stock

Petron Corporation operates as an oil refining and marketing company in the Philippines.

Products

The company sells a range of refined petroleum products, including gasoline, liquefied petroleum gas (LPG), diesel, jet fuel, kerosene, industrial fuel oil, solvents, asphalts, and petrochemical feed stocks, such as mixed xylene and propylene. It exports straight-run fuel oil, diesel, and mixed xylene and propylene.

The company's new products include Petron E10 Premium, a motor gasoline; pCHEM CA 6100, a multipurpose fuel additive; pCHEM CI 5140, a fuel additive that is designed to provide overall treatment of deposits that would improve heat transfer and optimize fuel utilization; and pCHEM DS 9100, a heavy fuel additive designed to provide overall treatment of deposits to promote dispersion.

The company operates a refinery in Limay, Bataan, with a rated capacity of 180,000 barrels a day. It also operates a lube oil blending plant at the Pandacan Terminal where it manufactures lubes and greases. These are sold through service stations and sales centers. It also constructed a fuel additive blending plant in Subic Bay Freeport, which would supply the company’s requirements and serve as Innospec’s Asian supply hub.

Marketing

The company sells its products to both industrial end-users and resellers through a nationwide network of service stations, LPG dealers, and retail outlets. Through its 1,288 service stations, the company retails gasoline, diesel, and kerosene to motorists and public transport operators. It also supplies jet fuel at key airports to international and domestic carriers. The company also sells its LPG brand ‘Gasul’ to households and other consumers through a dealership network. It exports various petroleum and non-fuel products to Asia-Pacific countries, such as Cambodia, South Korea, China, Australia, and Indonesia.

Competition

The company's competitors include Pilipinas Shell Petroleum Corporation and Chevron Phil.

History

Petron Corporation was founded in 1933.